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Figma has filed to go public on the NYSE, following the collapse of its USD 20 billion sale to Adobe and a USD 1 billion breakup fee. The company repo…

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China’s tech ecosystem serves as a driving force behind the world’s second largest economy, influencing global digital markets.

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Luckin Coffee provides app-based ordering, convenient pickup, and a broad beverage menu, reshaping China’s coffee consumption patterns.

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Five years after a financial scandal, China’s leading coffee chain is testing its footing in Starbucks’ home market.

Luckin Coffee tests the waters in the US with two New York stores

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36Kr is China's most influential business and technology network, delivering high-quality content focused on China’s innovation and new economy trends since 2010. With its extensive traffic and network, 36Kr has built a comprehensive database and strong data analytics capabilities to provide insights into China’s technology landscape.

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Chinese companies are moving fast to claim ground in the US lawn care market, where robotic mower adoption remains low.

US lawns are the next big play for China’s robotic mower brands

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Deals in brief: Monit raises USD 2.5 million, GreenTeams and AI Hay land Series A rounds, latest China funding deals, and more

An alias used when humans and machines team up in our newsroom. Articles under this byline may be shaped with the help of AI, but are always vetted by a human before publication.

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Figma has filed to go public on the NYSE, following the collapse of its USD 20 billion sale to Adobe and a USD 1 billion breakup fee. The company reported USD 228 million in Q1 2025 revenue, USD 44.9 million in net income, and roughly 450,000 customers as of March 31.

BetterYeah AI, a Hangzhou-based startup founded by former DingTalk executives, has raised over RMB 100 million in a funding round led by <a href="/company/alibaba">Alibaba Cloud</a>. Specializing in enterprise <a href="/industry/ai">AI</a> agents, the firm said it serves nearly 100,000 teams and will launch a new agent platform this quarter.

Sega is expanding in Asia to reduce reliance on Japan, partnering with regional firms such as Longtu Game in China. Mobile games now make up more than half of its business, following its 2023 acquisition of Angry Birds maker Rovio. President Shuji Utsumi said the company aims to balance development across console, PC, and mobile.

<a href="/company/bytedance">ByteDance</a> has launched Tanfan, an <a href="/industry/ai">AI</a> assistant on Douyin that recommends restaurants, summarizes reviews, and supports in-app bookings. Powered by the Doubao LLM, Tanfan had 35,000 users as of July 2, as Douyin deepens its push into local dining services.

Centaur, a new <a href="/industry/ai">AI</a> model built on Meta’s Llama, mimics human behavior across tasks such as memory, gambling, and reasoning. Fine-tuned on ten million decisions from 160 psychology experiments, it outperforms classical models and could enable researchers to study human cognition without live testing.

China’s aviation regulator will ban uncertified lithium power banks from domestic flights starting July 6, citing fire risks and recent product recalls. Devices without 3C safety certification or linked to overheating incidents are barred from both carry-on and checked baggage. The rule does not apply to international flights or trains.

<a href="/company/huawei">Huawei</a> will open-source its Cangjie programming language on July 30, aiming to expand developer access and reduce dependence on foreign tech. Built for HarmonyOS Next, Cangjie supports <a href="/industry/ai">AI</a>, cross-platform apps, and has already been adopted by firms like <a href="/company/meituan">Meituan</a> and <a href="/company/jd">JD.com</a>.

<p data-start="194" data-end="554" data-is-last-node="" data-is-only-node="">Shanghai has launched a professional services alliance to support Chinese firms expanding overseas, starting with 50 member firms across 11 sectors including law, finance, and IP. Backed by city officials, the group aims to build a Shanghai-led model for outbound support with localized services via global networks, aligned with national policy goals.</p>

<a href="/company/baidu">Baidu</a> has integrated its AgentBuilder platform into <a href="/company/xiaomi">Xiaomi’s</a> app store, launching a dedicated section for users to browse and access agentic <a href="/industry/ai">AI</a> applications. The move marks the first direct integration between an AI agent platform and a mobile app marketplace.

Chinese <a href="/industry/ai">AI</a> firm <a href="/company/deepseek">DeepSeek</a> has resumed hiring on LinkedIn after months of inactivity, posting ten job listings for positions in Hangzhou and Beijing. The move may indicate a bid to attract overseas talent as global competition for AI engineers intensifies.

<a href="/company/byd">BYD</a> is closing in on Honda and Mitsubishi in Southeast Asia, selling over 11,000 vehicles in April across Indonesia, Malaysia, Thailand, and the Philippines. Backed by price competitiveness, local infrastructure growth, and new factories, the Chinese <a href="/industry/ev">EV</a> maker has also surpassed Mazda and Nissan in regional sales.

What shapes modern healthcare and agriculture? Examine biotech startups, gene editing, and drug discovery unlocking biological potential.

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Hong Kong

The Hong Kong-listed firm is advancing its pipeline using an mRNA system it says can compete with the industry’s best.

Everest Medicines targets global expansion with proprietary, AI-driven mRNA platform

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BYD, a Chinese EV maker, produces electric cars, buses, and batteries, accelerating adoption of sustainable transportation worldwide.

What powers tomorrow’s roads? Explore EV adoption, charging infrastructure, and battery advances sparking the shift toward sustainable transport.

Electric Vehicles

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BYD is leading a wave of early EV exports into Brazil ahead of July tax hikes, but long-term success will likely hinge on more.

Chinese automakers rush to beat Brazil’s EV tariffs, but the real race is just starting

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How do ideas shape industries? Learn how content, design, and digital artistry influence branding, marketing, and cultural impact.

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How does interactive entertainment evolve? Assess gaming ecosystems, esports growth, and technology enhancing virtual play.

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With over 660,000 copies sold and viral traction on Xiaohongshu and Bilibili, Sultan’s Game shows that great gameplay still goes the distance.

Figma files for IPO after scrapped Adobe deal

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Everest Medicines targets global expansion with proprietary, AI-driven mRNA platform

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